New Nickel Discovery Continues To Grow
Blackstone Minerals Limited (ASX:BSX) has received several batches of positive assay results, including some of the maiden drill holes completed at King Snake nickel discovery in Vietnam.
The King Snake MSV prospect is located 1.5km north-east of the company’s processing facility within its flagship Ta Khoa Nickel–Copper-PGE Project.
Managing Director, Scott Williamson, King Snake continues to show it has excellent potential to add to the company’s Massive Sulphide Vein (MSV) mining inventory and supports the restart of the existing 450ktpa concentrator. The first two drill holes at King Snake returned the following intercepts:
- KS20-01A 0.60m @ 2.79% Ni, 3.81% Cu, 0.10% Co & 4.85g/t PGE from 193.05m
- KS20-02 5.88m @ 1.22% Ni, 0.49% Cu, 0.04% Co & 4.67g/t PGE from 131.74m incl. 1.81m @ 0.77% Ni, 0.44% Cu, 0.03% Co & 12.53g/t PGE from 131.74m 1.18m @ 3.72% Ni, 0.84% Cu, 0.12% Co & 2.41g/t PGE1 from 135.47m
Mr Williamson said the ongoing exploration campaign at the King Snake prospect continues to intersect MSV mineralisation.
“The first results from King Snake represent some of highest tenor massive sulphide intersections that Blackstone has achieved to date,” Mr Williamson said.
The new discovery remains open and we are dedicating resources to ensure that we test the full extent of mineralisation at King Snake and build a mining inventory to be included as part of ongoing studies.”
“Additional assay results for the Ban Chang MSV prospect have also been received. The current reporting for Ban Chang captures the majority of assays that were outstanding for drilling completed in calendar year 2020.
“The results will underpin the company’s strategy to delineate a maiden resource in the first half of calendar year 2021 to supplement ongoing studies.”
Significant intercepts from current reporting at Ban Chang include 1.92m @ 1.03% Ni, 0.60% Cu, 0.06% Co and 0.44g/t PGE from 66.65m; 0.91m @ 1.99% Ni, 0.92% Cu, 0.12% Co & 0.84g/t PGE from 66.65m; 7.10m @ 0.66% Ni, 0.45% Cu, 0.06% Co & 0.18g/t PGE from 56.00m; 0.85m @ 1.91% Ni, 0.60% Cu, 0.13% Co & 0.29g/t PGE from 58.45m; and 5.40m @ 0.60% Ni, 0.47% Cu, 0.05% Co & 0.20g/t PGE from 89.20m.
